The Business Bytes
TBB BUREAU
MUMBAI, FEB 26, 2021
Sterling and Wilson Pvt Ltd (SWPL), a Shapoorji Pallonji group company, today announced that it has entered the Electric Mobility segment in India.
SWPL has signed a 50-50 joint venture (JV) with Enel X, a subsidiary of Enel Group, to launch and create world-class electric charging infrastructure in the Indian sub-continent. The JV intends to give a boost to the fast-evolving private e-mobility ecosystem by providing world-class products and software platforms to support the electric vehicle (EV) charging infrastructure build-up across the country.
With this partnership, SWPL will introduce Enel X’s Juice family of high-tech, digital, and smart DC as well as fast AC electrical vehicle chargers that already have worldwide recognition. Customers will have the opportunity to choose how, where, and when to charge their car, potentially selecting the most efficient time for charging, thus making the charging experience fully controllable, easy, and convenient. This platform also facilitates asset operators and owners to track the performance of charging stations and networks, as well as troubleshoot systems in real-time.
Sanjay Jadhav, CEO, Sterling Generators Pvt Ltd, said, “As part of our commitment to sustainability, we are happy to announce our entry into the electric mobility segment through a joint venture with Enel X, providing end-to-end services for electric vehicle charging stations across India. The quick electric charger will be a game-changer for the EV sector in the country and is in line with the national vision to combat fossil fuel pollution and associated climate change through accelerated electrification of private and public transportation as a prime lever.The JV will help create direct and indirect employment through local manufacturing and operations &maintenance services of the charging infrastructure.”
Francesco Venturini, Enel X CEO, said: “This partnership represents an important step forward in our energy transition strategy. We are leading the spread of electric mobility in several global markets, including Europe and North America and we are thrilled to work with Sterling and Wilson, marking our entry into the Indian market. Joining forces allows our teams to leverage our extensive market knowledge and technical experience, helping to deliver effective results, as well as making important steps towards a clean and sustainable future. We will support the JV by bringing electric mobility solutions to market that are fit for local needs, accessible, and convenient for all drivers, significantly contributing to the decarbonization of the transport sector across India and subsequently South East Asia”.
The joint venture between Sterling and Wilson and Enel X will be incorporated on April 1, 2021 and will start operating from the second quarter of 2021.
